TagTax Levy(40)
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2026-04-28Resolution No. 3848 – Port of Seattle Participation in City of Bellevue Tax Increment Area
Port of Seattle Resolution No. 3848, adopted April 28, 2026, approves the Port's full participation in the City of Bellevue's tax increment area for the Grand Connection Crossing project. The resolution authorizes the use of property tax increments to fund transportation-related public improvements connected to Interstate 405, aimed at linking Bellevue's downtown core to a regional multimodal network. The Port Commission cited expected economic benefits, reduced greenhouse gas emissions, and the project's connection to the Eastrail corridor as key reasons for its support. -
2025-11-11Introduction and Public Hearing of Resolution No. 3839, Adopting the Final Budget of the Port Of Seattle for the Year 2026
The Port of Seattle Commission held a public hearing on November 11, 2025, to introduce Resolution No. 3839, which proposes adopting the Port's official budget for the year 2026. The budget process, which began in May 2025, included multiple Commission briefings covering operating and capital expenditures across aviation, maritime, and central services divisions. Final adoption was scheduled for November 18, 2025, after which the statutory budget would be filed with the King County Council and Assessor's Office. -
2025-11-11
Introduction and Public Hearing of Resolution No. 3839, Adopting the Final Budget of the Port Of Seattle for the Year 2026
Commission agenda memorandum dated October 27, 2025, from Chief Financial Officer Chris Wimsatt, Director of Corporate Budget Michael Tong, and Director of Finance Budget Elizabeth Morrison to Executive Director Stephen P. Metruck, requesting introduction and public hearing of Resolution No. 3839 adopting the Port Of Seattle final budget for 2026. Document outlines the 2026 budget -
2025-10-28Maximum Allowable Levy vs Actual Levy Comparison (1990-2026)
A line graph comparing three levy trajectories in millions of dollars from 1990 to 2026 (forecasted): the Maximum Allowable Levy (red), the Actual Levy (blue), and a hypothetical Levy Tied to Inflation beginning in 1990 (green dashed). The Actual Levy remained well below the Maximum Allowable throughout the period, with both projected to converge toward approximately $90–$120 million by 2026. -
2025-09-23Port Of Seattle Community Programs Funded by Tax Levy 2023–2026
A budget table from Port of Seattle document page 89 of 95 showing community programs funded by tax levy from 2023 through 2026, with a grand total rising from $12,193,000 in 2023 to $14,426,000 in 2026 (an 8.6% increase from 2025). Programs include South King and Port Communities Fund, Duwamish Valley Community Equity Program, EDD Partnership Grants, City of SeaTac Community Relief, Maritime Blue, Workforce Development, and others relevant to Sea-Tac Airport area communities. -
2024-10-22Sea-Tac Airport Capital Spending Projections 2025–2029 — Slide 20 (Draft Plan of Finance, October 2024)
A bar chart from a Sea-Tac Airport presentation (slide 18) projects $4.9 billion in airport capital spending from 2025 through 2029, broken down annually into Mega Projects and Other Projects. Annual totals range from $863.8M (2029) to $1,138.5M (2026), with a reference line marking the 20-year historical maximum of $579.1M. -
2024-10-22Tax Levy Use Forecast 2025–2029 — Slide 12 (Port Of Sea-Tac Draft Plan of Finance, October 2024)
A presentation slide titled 'Tax Levy Use Forecast 2025-2029' showing a stacked bar chart of levy uses totaling approximately $565M, broken down into G.O. Debt Service ($238M), Environmental Liability Expenses ($199M), Public Expense ($3M), Capital ($25M), Transportation & Infrastructure ($28M), and Community Programs ($73M). Key notes indicate no surplus tax levy funds are expected over five years, $127M in new G.O. bonds will fund capital investments, and significant additional environmental expenses are anticipated beyond 2029. -
2024-10-22Draft Plan of Finance 2025-2029 and Tax Levy Briefing
The Port of Seattle Commission reviewed a briefing on its proposed 2025 tax levy and five-year financial plan for 2025–2029. The 2025 property tax levy is proposed at $88.39 million, a 2% increase over the 2024 levy of $86.66 million, set at 75% of the maximum allowed under Washington State law. The Draft Plan of Finance outlines how the Port will fund capital investments across its Airport, Maritime, and Economic Development divisions over the coming five years. -
2024-10-22Levy History Chart: Maximum Allowable, Actual, and Inflation-Tied Levies 1990–2025 — Slide 9 (Port Of Seattle Draft Plan of Finance, Property Tax Levy 2025)
A line graph titled 'Levy History' showing three trends in millions of dollars from 1990 to 2025 (forecasted): the Maximum Allowable Levy (red), the Actual Levy (blue), and a Levy Tied to Inflation beginning 1990 (green dashed). The actual levy consistently falls below the maximum allowable, while tracking close to the inflation-tied projection in later years. Slide number 9 is visible in the lower right corner. -
2024-10-22Tax Levy Use Forecast 2025–2029 — Stacked Bar Chart of Levy Uses (Page 12)
A budget presentation slide titled 'Tax Levy Use Forecast 2025-2029' showing a stacked bar chart of levy uses totaling approximately $566 million, broken down into G.O. Debt Service ($238M), Environmental Liability Expenses ($199M), Community Programs ($73M), Transportation & Infrastructure ($28M), Capital ($25M), and Public Expense ($3M). The slide notes no surplus tax levy funds are expected over the next five years and that $127M in new G.O. bonds will fund capital investments, with significant additional environmental expenses expected beyond 2029.